Nicolet Bankshares Inc (NASDAQ:NCBS) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $61.88.

A number of equities research analysts have weighed in on NCBS shares. DA Davidson started coverage on Nicolet Bankshares in a research report on Thursday, December 14th. They set a “neutral” rating and a $61.00 target price for the company. BidaskClub lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. ValuEngine lowered Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Maxim Group boosted their price target on Nicolet Bankshares from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Sandler O’Neill reissued a “hold” rating and issued a $58.50 price target on shares of Nicolet Bankshares in a research report on Wednesday.

Nicolet Bankshares (NCBS) traded down $1.24 on Wednesday, reaching $53.50. The company had a trading volume of 45,900 shares, compared to its average volume of 31,150. Nicolet Bankshares has a one year low of $45.00 and a one year high of $61.98. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.08. The stock has a market cap of $536.54, a PE ratio of 17.20, a P/E/G ratio of 2.38 and a beta of 1.76.

Nicolet Bankshares (NASDAQ:NCBS) last issued its earnings results on Tuesday, October 17th. The bank reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.10. The business had revenue of $35.25 million during the quarter. Nicolet Bankshares had a return on equity of 9.45% and a net margin of 22.63%. sell-side analysts anticipate that Nicolet Bankshares will post 3.31 EPS for the current fiscal year.

In other news, EVP Michael E. Daniels sold 24,239 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,367,806.77. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Robert Bruce Atwell sold 19,639 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,108,228.77. The disclosure for this sale can be found here. Insiders have sold a total of 47,191 shares of company stock worth $2,667,830 over the last ninety days. 13.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of Nicolet Bankshares by 10.1% in the second quarter. Legal & General Group Plc now owns 2,321 shares of the bank’s stock worth $127,000 after buying an additional 212 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Nicolet Bankshares by 3.3% in the second quarter. California State Teachers Retirement System now owns 15,823 shares of the bank’s stock worth $866,000 after buying an additional 500 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Nicolet Bankshares by 12.6% in the second quarter. Nationwide Fund Advisors now owns 5,035 shares of the bank’s stock worth $275,000 after buying an additional 563 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Nicolet Bankshares by 15.0% in the second quarter. Voya Investment Management LLC now owns 5,021 shares of the bank’s stock worth $275,000 after buying an additional 655 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Nicolet Bankshares by 21.6% in the second quarter. Rhumbline Advisers now owns 9,991 shares of the bank’s stock worth $547,000 after buying an additional 1,775 shares during the last quarter. Hedge funds and other institutional investors own 35.35% of the company’s stock.

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About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.

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